First, the "One Big Beautiful Bill" will completely overhaul the student loan repayment system, starting next year for both borrowers currently in repayment and those still in school. KEY TAKEAWAYS Several changes to repayment plans are expected to take effect in the new year, and some could benefit borrowers—as long as they understand the details. Additionally, the Department of Education announced that the Saving for a Valuable Education plan will be shut down as part of a lawsuit settlement. Although the ...